Walleye Capital LLC Purchases New Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Walleye Capital LLC purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,318 shares of the technology company’s stock, valued at approximately $5,389,000.

Several other institutional investors have also made changes to their positions in LFUS. Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of Littelfuse in the second quarter valued at approximately $100,662,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Littelfuse during the second quarter worth $46,037,000. Victory Capital Management Inc. lifted its stake in Littelfuse by 13.2% during the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after purchasing an additional 58,529 shares during the last quarter. Jennison Associates LLC lifted its stake in Littelfuse by 38.4% during the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after purchasing an additional 50,304 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Littelfuse by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock worth $107,244,000 after purchasing an additional 49,588 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Stock Up 0.3 %

Shares of LFUS opened at $246.67 on Monday. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 2.43 and a beta of 1.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The stock has a fifty day moving average of $253.63 and a 200-day moving average of $256.00.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.62. The business had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. Littelfuse’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $2.97 EPS. As a group, sell-side analysts anticipate that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, November 21st. Littelfuse’s dividend payout ratio is currently 35.99%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LFUS shares. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Robert W. Baird upped their target price on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and upped their target price for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Finally, Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Littelfuse has a consensus rating of “Moderate Buy” and a consensus price target of $285.00.

Insider Transactions at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.